Our platform has all the tools you need to do your accounting yourself.
Our platform has all the tools you need to do your accounting yourself.
Our platform has all the tools you need to do your accounting yourself.
Our platform has all the tools you need to do your accounting yourself.
I recently purchased a second-hand light goods vehicle that I will include in my expenses. I will depreciate it over 3 years. Occasionally, I will use it for private purposes. Should I depreciate my light goods vehicle 100% and the costs such as light cargo fuel, maintenance, etc. at 85%, or should I depreciate both at 85%?
I assume that, as a sole proprietor, I can include the light goods vehicle for a full year when I make the purchase in May?
Thanks in advance for the information 🙂
For an investment, the year in which the investment is made is considered year 1 (even if you do your purchases on 31/12). We also had a light goods vehicle on our EMZ and, because it was for sporadic private use, the accountant advised us to include it 100% in the accounts.
You really should try it out for yourself. Even if you don’t have a company number yet, you can already go ahead.
